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40.2 The Commonwealth Superannuation Scheme (CSS), Northern Territory Government and
Public Authorities Superannuation Scheme (NTGPASS) and Northern Territory
Supplementary Superannuation Scheme (NTSS) are classified as exempt public sector
superannuation schemes under the Superannuation Industry (Supervision) Act 1993. The
superannuation legislation treats exempt public sector superannuation schemes as
complying funds for concessional taxation and superannuation guarantee purposes.
40.3 Employees who commenced after 10 August 1999 can choose a complying superannuation
fund to receive contributions on their behalf. Employees who do not nominate a
superannuation fund will become members of the current default superannuation fund.
40.4 The Commissioner must, in accordance with the governing rules of the relevant complying
superannuation fund as defined in the superannuation legislation, make such
superannuation contributions to the fund for the benefit of an Employee as will avoid the
Commissioner being required to pay superannuation guarantee charge under the
superannuation legislation in respect of that Employee. For the purposes of the
superannuation legislation, an Employee’s ordinary time earnings including allowances in
the nature of salary are intended to provide that Employee’s notional earnings base.
41. Salary Sacrifice
Salary Sacrifice for Employer Superannuation
41.1 Under this Agreement an Employee may choose to sacrifice salary for employer
superannuation contributions into a compliant superannuation fund. The arrangement is
available to all Employees and participation is at the discretion of an individual Employee.
41.2 Under the arrangement the following conditions will apply:
(a)
(b)
(c)
(d)
An Employee who currently contributes to the Commonwealth Superannuation Scheme
(CSS) is not able to salary sacrifice into that scheme but can salary sacrifice into a
complying superannuation fund.
An Employee who currently contributes 6% to Northern Territory Government and
Public Authorities Superannuation Scheme (NTGPASS) may salary sacrifice into the
NTGPASS or another complying superannuation fund.
An Employee who currently has his or her employer superannuation guarantee
contributions paid to a ‘Fund of Choice’ (employed after 10 August 1999) may salary
sacrifice into that ‘Fund of Choice’.
While there is no limit to the amount an Employee can salary sacrifice to
superannuation, the amount sacrificed plus any other Employer contributions, will be
assessed against the concessional contribution cap relevant to their age. Contributions
that exceed the cap will be taxed at the highest marginal tax rate plus Medicare levy.
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NTPS NURSES AND MIDWIVES’ 2011-2014 Enterprise Agreement